IT is a very fast-growing industry, and to our luck, CML is right on the game; here is the latest IT industry offshore update.

What’s Been Happening in the IT Industry

In the past quarter, there has been an increase in IT industry vacancies compared to the first few months of the year. Much of this can be attributed to the fact that even in a downturned economy, investment in IT infrastructure; improved systems and efficient applications can reduce costs and improve efficiency and will ultimately strengthen the core of the company.

The feedback from industry managers is that salaries within the IT industry sector have not been affected as much by the downturn as in other areas in the financial services industry. While bonuses have seen a reduction, at least in the short term, the retention within IT departments has seen an increase throughout 2010 as compared to 2009.

Across the entire IT spectrum in offshore jurisdictions, salaries remain extremely competitive when compared to other financial hubs, and internationally.

With regards to the rest of 2010 and the beginning of 2011, we anticipate a continuing increase in our clients’ IT recruitment requirements regardless of whether the organization retains an in-house IT department or relies on a third-party vendor. There will be a need to improve infrastructure, modernize applications, implement system add-ons and to update core software and hardware. The release of new technologies and product versions (e.g. SharePoint 2010, Windows 7, .NET 4.0) will further increase the requirement to bring the IT function in line with the most recent technology.

IT Jobs in Cayman, Bermuda & BVI

Looking for a job in the IT industry? Luckily, CML Recruitment has seen a surge in IT opportunities in the Cayman Islands, Bermuda and even the British Virgin Islands. Contact our team at info@cml.ky today for more information.